Arizona weekly citizen., 1887-06-11

There have been no features of inter est in the course of silver this week, with the exception of a moderate con tinental inquiry.
 We ind our views on this michievous scheme to make silver more fiuctu atipg than it, unhsppily Is now, have receiv- ed general endorsement, No good can come to silver producers from gambling in silver deposit certificates, and though they will probably get quotation on the Stock Exchange, there Is little probability of the scheme being long lived.
 CoPPER.-Copper IS nominally un- changed in quotation, but there IS better tone in the market. The g. 90 cent Lake has disappeared, unless, indeed, as has been asserted for some time past, Quincy Is still offered from second hands at that price. Ten cents for spot, and l0I1 cents for futures IS the present ruling pnce of Lake, and casting brands are quoted at 9ls sg9l 4c
 Sales of Baltimore and Orford for eI- port have been quite large, and II Is claimed at rather better prices than can bt realized here.
 Much dissatisfaction is expressed with the course of the Baltimore Works in refusing to sell to any but manufsctur- CTS and It IS asserted that the company will certainly find thls bad policy, for 1t IS not able to dictate its course as is the Calumet & Hecla, It is pointed out with much force that the company an ,agOniZes the trade, and that 1t will find its copper depreciated, and msy give use to rival ID the form of other smelt- ] Ing works, which might underoId 1t in smelling charges. and therefore destroy, or at least iniure its business. No one pretends 10 know what the | pOlIcy of the Anaconds may be, but that 1t should some day refine, and even man. uiscture, its own copper st some point in the West, seems probable, and per haps present low prices msy induce the company to seek to open markets Tn In dis snl other countries for its copper in the higher forms Of manufacture.
 Exports of copper from this port dur. 1 ing the past week have been Rs follows To Havre, lS0 casks, 233 ,590 pounds S25.OUO; to Hamburg. old copper, foreign on transit. 25 hogshesds, 50,y37 pounds S3150; to Liverpool, matte, 9304 sacks 1,09O, ,23O pounds, s59.772. also casks copper, l90 bars. 2ll cakes, HAS pigs 364.07l pounds, S33, ,576.
 Chili bars are quoted in London to. day at G3S Is. Sd. They have stood al week Bt E30 ?. Sd. Best select is e4l 1 los.
 The Globe, AriZ., Silver Belt says "We are informed by good authoritJ that the osDers of the Globe mine have decided to shut down the mine for the | -Ffar h.. h.. L consumed. The reason for this decision IS given as caused by the inability tc | procure English coke ct this time, aud by the extreme low price of copper, brought about by the action of the Osl- umet & Hecls mIne.'
 The proportion of lake copper, which IS now sold in cakes and wire bars, is said to be fully one third of the whole consumption.
 LEAD,-Inis msrket continues to ad- vance under the steady purchases of the | great Chicago operator who has gather ed in few hundred tons more at 4.65a i70c. FOreIgn is quoted at 4,S0c, and could be lad down here at present London prices st 4.721s., but the expen- siTe experience of last year hss disin- clined spectators to take any chances by importing.
 Manufacturers are well stocked, for the most part having sufficient oD hand for two or three months. and there seems little probability of any great demand for two months yet, unless lead has been sold short, and that the shorts can be squeezed.
 Msnufsctures.-5heet lead Is quoted at 7sic. Pipe at 7c., less the usual dis count of 20 per cent. Bsr lead is 5llc, Shot. L2Oc.. being all ss heretofore quoted,
 London quotes soft Spanish el2 2s. Cd.
 Messrs. Everett < Post, of Chicago, telegraph to-day as follows: The mar ket IS advancing on account of large purcha~es by speculators. IL Is rising, excited and unsteady, and 1t is difficult to give exact quotations. Some buyers, fearing Rn advance, are not coming to the front and taking lead literally. or terlDgs are very very light. Market closes 4 i5 asked for spot and futures.